STUART PETROLEUM NL ASX Code: STU ORDINARY FULLY PAID Industry Group Oil & Gas Exploration & Production – Shares on Issue 58,370,000 Market Cap ($) 32,743,200
480 barrels a day at $26 USD or $49 AUD = $23 520 $23 520 x 365 days = $8 584 800 Stuarts share is 75% or $6 438 600 and indication are this will double. If so earnings of $12 million dollars and the company is only valued at $32 million with more holes to drill. Why is this wrong and why is this company not worth a lot more????
Can some one help? Am I missing something?
Gyro
STU Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
